Live Chat: Tax-free Savings Accounts

Tax season may be over for this year, but it's never too early to start planning ahead. One of the options Canadians can consider is a tax-free savings account — but many are unfamiliar with the advantages they can offer. How are TFSAs different from RRSPs, and which one is the best choice for you? How can TFSAs help with effective tax planning and how does money withdrawn from a TFSA affect income from government sources, such as the child tax benefit or guaranteed income supplement? We've assembled a panel of experts to help you navigate the world of TFSAs: Stephanie Holmes-Winton is a Halifax, Nova Scotia-based financial advisor and author of the books Diffusing the Debt Bomb and $pent, Dean Owen is a financial advisor in Saskatoon and past chair of Advocis, The Financial Advisors Association of Canada, Khalid Hasan is an Ottawa chartered accountant and director of tax services for Strategic Tax Planning for Physicians Inc., and Hatice Pakdil is vice president, investment advisor for TD Waterhouse and specializes in retirement planning, estate planning and insurance solutions for her clients. Be a part of the conversation, Wednesday, July 26 at 2 p.m. ET.

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